Mary Erdoes says customers will want human interaction once markets become tougher
Month: February 2017
Index of Banking Activity: January IBA at 54.3
Pricing power on new lending business offset by seasonal slowdown in consumer loan activity. One outlier: the West saw improvement across several indicators.
Rivals could capitalize on woes at two California banks
Customers and employees of Opus Bank and Banc of California could bolt to several other Southern California banks amid downsizing, scandal and credit quality issues.
Bank blockchain choices may come down to IBM vs. Microsoft
IBM’s work with Northern Trust and Hyperledger and Microsoft’s alliance with JPMorgan and others show the different approaches the tech giants are taking with the technology.
Wells Fargo’s 10-year goal: $60B in loans to black homeowners
The bank says it will push the rest of the industry to follow its lead and step up lobbying for policies that increase minority homeownership.
Made in the USAA: Bank to license its own tech
USAA has granted development rights to some of its patented security technologies to Persistent Systems to create authentication and security-related products.
Dimon on M&A: ‘There are still too many banks’
Regulators ought to make it easier for smaller institutions to merge, the CEO of the country’s largest said Tuesday.
Lawmakers agree reg relief needed, but path forward unclear
Lawmakers voiced bipartisan support for regulatory relief during the Credit Union National Association government affairs conference on Tuesday, arguing that small financial institutions have had to bear the brunt of too many regulations.
Warren Buffett sharpens criticism of ex-Wells CEO Stumpf
Billionaire investor Warren Buffett said Wells Fargo made “a huge mistake” in the way it handled the phony-accounts scandal, and he laid the blame more forcefully than ever on former Wells CEO John Stumpf.
Amazon Web Services says it’s working to repair disruption
Amazon.com’s cloud-computing service, used by Capital One and other large companies, was beset by “high error rates” on parts of its S3 data-storage system, disrupting many sites and mobile apps.